1 Qatar International Islamic Bank
2 Qatar Islamic Bank
3 Ahli Bank
4 Qatar National Bank
5 HSBC Bank Middle East Limited
6 Qatar Commercial Bank
7 Barwa Bank
8 Doha Bank
9 Standard Chartered Bank
Trading
List of Islamic Banks in Qatar
Published by Gbaf News
Posted on April 5, 2013
1 min read· Last updated: December 7, 2018
Key Takeaways
- Qatar hosts several standalone Islamic banks, having separated Islamic and conventional banking in 2011.
- Major players include Qatar Islamic Bank (QIB), Qatar International Islamic Bank (QIIB), Masraf Al Rayan, and Dukhan Bank.
- Some listed institutions like HSBC, Standard Chartered, and Ahli Bank are conventional banks offering Islamic windows, not standalone Islamic banks.
References
Frequently Asked Questions
What qualifies a bank as an Islamic bank in Qatar?
A bank whose operations are fully Sharia‑compliant and operate separately from conventional banking, per Qatar Central Bank’s 2011 mandate.
Which are the main standalone Islamic banks in Qatar?
The main standalone Islamic banks are Qatar Islamic Bank (QIB), Qatar International Islamic Bank (QIIB), Masraf Al Rayan, and Dukhan Bank.
Are HSBC, Standard Chartered, and Ahli Bank Islamic banks?
No, they are conventional banks that may offer Sharia‑compliant products but are not dedicated Islamic banks.
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